Multifamily Property with Newer
For Sale
$189,000
Pending
538 Maple Ave, Reidsville, NC 27320
Fully rented property with long-term tenants, LVP flooring, and a roof less than 10 years old.
Property Size1,819 SF
Days on Market421
Property Features for 538 Maple Ave
General Information
Standard status
Pending
Size
1,819 SF
Property subtype
Residential Income
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$2,259
Listing Agency:
K2 Real Estate Group
(704) 970-7219
Listed By:
Olga Leggett · License #234194
(704) 962-0868
Source:
Exprealty
Added: Aug 16, 2025
Changed: Oct 9
Last Checked: Oct 9 at 10:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of K2 Real Estate Group
Investment Insights
Based on property information with market context.
Located at 538 Maple Ave in Reidsville, NC, this multifamily property is fully rented and occupied by long-term tenants. Interior improvements include LVP flooring and a newer HVAC system, while the roof is less than 10 years old.
The property combines established occupancy with several documented updates, including the flooring, HVAC, and roof. These features provide a straightforward physical profile for continued residential income use.
The property combines established occupancy with several documented updates, including the flooring, HVAC, and roof. These features provide a straightforward physical profile for continued residential income use.
Key Highlights
- Fully rented with long‑term tenants
- Roof is less than 10 years old
- Newer HVAC system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,154
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,080
$303.1K
Cap Rate 7%
$216,486
$216.5K
Cap Rate 9%
$168,378
$168.4K
Market Conditions
NOI Build-Up for 1,819 SF
Gross rent
$29.5K $16.20/SF
− Vacancy
−$1.9K −$1.05/SF
EGI
$27.6K $15.15/SF
− OpEx
−$12.4K −$6.82/SF
NOI
$15.2K $8.33/SF
Area
Rockingham County, NC
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,080
Cap Rate 7%
$216,486
Cap Rate 9%
$168,378
Alternative Uses
Best Use
Apartment 5plus
$216.5K
$189.4K – $252.6K
NOI $15,154 @ 7.0% cap · market cap 8.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$599.7K
$524.8K – $699.7K
NOI $41,980 @ 7.0% cap · market cap 22.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
Explore this area
Business Placement
Demographics for 27320, NC
37,843
Population
17,876
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
85%
High-School Grad
244.9 sq mi
ZIP Area
155
Density / Sq Mi
$55,491
Median Household Income
$37,258
Median Earnings
$776
Median Rent
$170,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Fully rented property with long-term tenants, LVP flooring, and a roof less than 10 years old.
Where is this multifamily property located?
The property is located at 538 Maple Ave Reidsville, NC.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Fully rented with long‑term tenants; Roof is less than 10 years old; Newer HVAC system
